Page 1


PORTFOLIO SUMMARY MAY 2018


CONTENTS 8

28

NEW YORK

SAN FRANCISCO

Market Portfolio Overview. . . . . . . . . . . . . . . . . . . . . .8

Market Portfolio Overview. . . . . . . . . . . . . . . . . . . . . 28

315 Park Avenue South . . . . . . . . . . . . . . . . . . . . . . 10

650 California Street. . . . . . . . . . . . . . . . . . . . . . . . . 30

249 West 17th Street . . . . . . . . . . . . . . . . . . . . . . . . 12

221 Main Street . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32

218 West 18th Street . . . . . . . . . . . . . . . . . . . . . . . . 14

333 Market Street. . . . . . . . . . . . . . . . . . . . . . . . . . . 34

114 Fifth Avenue. . . . . . . . . . . . . . . . . . . . . . . . . . . . 16

University Circle. . . . . . . . . . . . . . . . . . . . . . . . . . . . 36

229 West 43rd Street. . . . . . . . . . . . . . . . . . . . . . . . 18 149 Madison Avenue . . . . . . . . . . . . . . . . . . . . . . . . 20 222 East 41st Street. . . . . . . . . . . . . . . . . . . . . . . . . 22 95 Columbus . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24

48

WASHINGTON, D.C.

OTHER

3

Market Portfolio Overview. . . . . . . . . . . . . . . . . . . . .40

Market Portfolio Overview. . . . . . . . . . . . . . . . . . . . .48

1800 M Street. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42

Lindbergh Center . . . . . . . . . . . . . . . . . . . . . . . . . . . 50

Market Square . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44

One and Three Glenlake. . . . . . . . . . . . . . . . . . . . . . 52

80 M Street. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46

116 Huntington Avenue. . . . . . . . . . . . . . . . . . . . . . . 54 Cranberry Woods Drive . . . . . . . . . . . . . . . . . . . . . . 56 Pasadena Corporate Park. . . . . . . . . . . . . . . . . . . . . 57

OVERVIEW

|

40


PORTFOLIO OVERVIEW

9.3M 96% SQUARE FEET 1

PORTFOLIO LEASED

7.6 YEARS AVERAGE REMAINING LEASE TERM 2

2011

ENERGY STAR 82% of portfolio

certified 3

WIRED SCORE 65% of portfolio

certified 3

LEED CERTIFIED 49% of portfolio LEED certified 3

4

OVERVIEW

| 1 Total

square feet of portfolio including 149 Madison Avenue.

2 Based

on annualized lease revenue.

3 Based

on square feet; does not include properties under redevelopment.

LEED and the related logos are trademarks owned by the U.S. Green Building Council and are used with permission. ENERGY STAR and the ENERGY STAR mark are registered trademarks owned by the U.S. Environmental Protection Agency. These logos are used herein to identify Columbia buildings that have been awarded these designations.


MARKET DISTRIBUTION 4 LOS ANGELES BOSTON PITTSBURGH

1.9%

2.8%

3.3%

ATLANTA

NEW YORK

7.9%

38.0%

WASHINGTON, D.C. 19.0%

5

OVERVIEW

|

Unless otherwise noted, all data contained herein is as of March 31, 2018, at 100% of all properties, including those held through joint venture partnerships. 4 Based

on gross real estate assets.

SAN FRANCISCO 27.1%


NEW YORK MARKET PORTFOLIO OVERVIEW LEASE EXPIRATIONS VACANT

2.0%

2018

0.0%

2019

1.1%

2020

2.7% 17.9%

2021 2022

3.2%

BEYOND 2023

8 |

NEW YORK

73.1%

2.6 M TOTAL SQUARE FEET

98%

10.0

LEASED

YEARS AVERAGE REMAINING LEASE TERM


315 PARK AVENUE SOUTH

Renovations and luxury amenities have positioned 315 Park Avenue South to capitalize on strong demand in the Midtown South market. More than 250,000 square feet have been leased at significant rate roll ups since January 2015, and this leasing has brought new tech and finance names to the building. Among these are BDG Media, Gemini Trust Company, Winton Capital, and PitchBook, as well as a new Equinox gym.

10 |

NEW YORK

SUBMARKET Midtown South YEAR BUILT / RENOVATED 1910 / 2016 YEAR ACQUIRED 2015 RENTABLE SF 334,000 LEASED 89% AVG. REMAINING LEASE TERM 10.5 years MAJOR TENANTS Gemini Trust, BDG Media, Oracle America


249 WEST 17TH STREET

These two interconnected buildings in Chelsea are commonly known together as “The Twitter Building,” due to housing Twitter’s New York office. The asset’s historic architecture and modern, high-style buildout also provide an ideal setting for one of the largest showrooms of the high-end modern furniture chain Room & Board.

SUBMARKET Midtown South YEAR BUILT / RENOVATED 1909 / 2014 YEAR ACQUIRED 2017

12 |

NEW YORK

RENTABLE SF 281,000 LEASED 100% AVG. REMAINING LEASE TERM 9.3 years

2011

MAJOR TENANTS Twitter, Room & Board


218 WEST 18TH STREET

A former warehouse, the 12-story property at 218 West 18th Street in Chelsea has been fully renovated into a boutique, Class-A office building that offers collaborative and creative work environments and an outdoor rooftop terrace. The building holds a diverse mix of tech and creative tenants, including the New York headquarters of beverage and lifestyle company Red Bull.

14 |

NEW YORK

SUBMARKET Midtown South YEAR BUILT / RENOVATED 1912 / 2009 YEAR ACQUIRED 2017 RENTABLE SF 166,000 LEASED 92% AVG. REMAINING LEASE TERM 6.5 years MAJOR TENANTS Red Bull, Company 3, SAE Institute of Technology


114 FIFTH AVENUE

Epitomizing Manhattan’s popular Flatiron District, 114 Fifth Avenue is a landmark office asset that provides sweeping cityscape views and attractive historic architecture. These features, along with its fully modernized, upgraded interiors have attracted leading names in fin-tech to the building as part of its diverse tenant mix.

SUBMARKET Midtown South YEAR BUILT / RENOVATED 1910 / 2014 YEAR ACQUIRED 2017

16 |

NEW YORK

RENTABLE SF* 351,000 LEASED 100% AVG. REMAINING LEASE TERM 7.0 years

2011

*Represents 100% of 114 Fifth Avenue. Columbia owns a 49.5% interest in the 114 Fifth Avenue Joint Venture.

MAJOR TENANTS Mastercard, First Look Media, Capital One


229 WEST 43RD STREET

The transformed former New York Times building at Times Square continues to serve a new generation of media icons. Fully renovated after the Times’ departure in 2007, the building today features 16 floors of modern office space, fully leased to major tech and creative tenants. Chief among them is Snap Inc., which has its New York office in nearly a third of the building.

18 |

NEW YORK

SUBMARKET

Times Square

YEAR BUILT / RENOVATED 1912-1947 / 2015 YEAR ACQUIRED 2015 RENTABLE SF 482,000 LEASED 100% AVG. REMAINING LEASE TERM 9.0 years MAJOR TENANTS

Yahoo!/Verizon, Snap Inc.


149 MADISON AVENUE

Columbia plans to convert the 12-story building at 149 Madison Avenue into a modern, boutique office suitable for multiple tenants or a single user. The project, which is scheduled for delivery in 2019, will include:

20 |

NEW YORK

• • • • •

A renovated exterior, including new storefronts Full modernization of the infrastructure New interior finishes New and upgraded restrooms and amenity spaces Renovation of the lobby and common areas

SUBMARKET

Midtown South

YEAR BUILT / RENOVATED 1916 / 2019 (planned) YEAR ACQUIRED 2017 RENTABLE SF 127,000


222 EAST 41ST STREET

This prominent Midtown asset near Grand Central Terminal is fully leased to New York University for the next 30 years, as part of the expansion of NYU’s Langone Medical Center. The 25-story building has been converted from office into one of the largest, multispecialty ambulatory care facilities in NYU Langone’s network and began accepting patients in April 2018.

22 |

NEW YORK

SUBMARKET

Midtown

YEAR BUILT / RENOVATED 2001 / 2017 YEAR ACQUIRED 2007 RENTABLE SF 390,000 LEASED 100% AVG. REMAINING LEASE TERM 30.3 years MAJOR TENANTS

NYU Langone Medical Center


95 COLUMBUS

95 CHRISTOPHER COLUMBUS DRIVE

With a convenient location in the heart of Jersey City, 95 Columbus offers direct transit access to Manhattan’s Financial District and spectacular downtown views. Among the largest tenants in the 19-story, Class-A office building are Pershing, a subsidiary of BNY Mellon, and Quality Technology Services, a data center provider.

24 |

NEW YORK

SUBMARKET

Jersey City / Hudson Waterfront

YEAR BUILT / RENOVATED 1989 YEAR ACQUIRED 2006 RENTABLE SF 630,000 LEASED 100% AVG. REMAINING LEASE TERM 4.4 years MAJOR TENANTS

Pershing, Quality Technology Services


SAN FRANCISCO MARKET PORTFOLIO OVERVIEW LEASE EXPIRATIONS VACANT

2.5%

2018

1.9%

2019

5.1% 9.6%

2020

8.4%

2021 2022

2.5%

BEYOND 2023

28 |

SAN FRANCISCO

70.0%

2.0 M TOTAL SQUARE FEET

98% LEASED

5.6 YEARS AVERAGE REMAINING LEASE TERM


650 CALIFORNIA STREET

This iconic office tower continues to attract tech, creative and financial tenants alike with its mid-century modern style. Columbia has leased over 315,000 square feet at triple-digit rent rollups since acquiring the 33-story building, which was recognized by Architectural Digest as the #2 “Breathtaking Office View” in the world.

SUBMARKET

North Financial District

YEAR BUILT / RENOVATED

1964 / 2015

YEAR ACQUIRED

2014

30 |

SAN FRANCISCO

RENTABLE SF 478,000 LEASED 96% AVG. REMAINING LEASE TERM 6.6 years MAJOR TENANTS

Affirm, Credit Suisse, WeWork 2011


221 MAIN STREET

Protected Bay views and a South of Market address have established tech-friendly 221 Main Street as a top contender in one of the nation’s most competitive office markets. DocuSign’s headquarters take up 31 percent of the 16-story building, which offers luxury amenities, a spacious outdoor terrace, a new stateof-the-art conference center and tenant lounge, and a stunning LED entrance display.

SUBMARKET

South Financial District

YEAR BUILT / RENOVATED

1974 / 2017

YEAR ACQUIRED

2014

32 |

SAN FRANCISCO

RENTABLE SF 382,000 LEASED 93% AVG. REMAINING LEASE TERM 4.7 years MAJOR TENANTS

DocuSign, Prosper Marketplace 2011


333 MARKET STREET

333 Market Street is located just five blocks from the San Francisco Bay and iconic Ferry Building, adjacent to a BART rapid transit station and two blocks from San Francisco’s new Transbay Terminal. The 33-story office tower is fully leased to Wells Fargo Bank and serves as its primary office facility.

SUBMARKET

Financial District

YEAR BUILT / RENOVATED

1979 / 2007

YEAR ACQUIRED

2012

34

SAN FRANCISCO

|

RENTABLE SF* 657,000 LEASED 100% AVG. REMAINING LEASE TERM 8.4 years *Represents 100% of 333 Market Street. Columbia owns a 55% interest in the 333 Market Street Joint Venture.

MAJOR TENANT

Wells Fargo Bank


UNIVERSITY CIRCLE

1900, 1950 & 2000 UNIVERSITY AVENUE

One of the premier office addresses in Silicon Valley, University Circle boasts the Four Seasons Hotel Silicon Valley onsite (separately owned) and a large central courtyard, recently enhanced with a communal outdoor event area that incorporates the campus’s expansive water feature. The three-building campus commands some of the highest rents in Columbia’s portfolio and houses tenants ranging from Amazon Web Services to DLA Piper.

SUBMARKET

Palo Alto

YEAR BUILT / RENOVATED

2001, 2002 and 2003

YEAR ACQUIRED

2005

36

SAN FRANCISCO

|

RENTABLE SF* 451,000 LEASED 100% AVG. REMAINING LEASE TERM 3.6 years *Represents 100% of University Circle. Columbia owns a 55% interest in the University Circle Joint Venture. 2011

MAJOR TENANTS

DLA Piper US, Amazon Web Services


WASHINGTON, D.C. MARKET PORTFOLIO OVERVIEW LEASE EXPIRATIONS VACANT 2018

11.6% 1.4% 5.1%

2019 2020

1.6% 9.0%

2021

10.2%

2022 BEYOND 2023

40 |

WASHINGTON, D.C.

61.1%

1.6 M TOTAL SQUARE FEET

88% LEASED

7.1 YEARS AVERAGE REMAINING LEASE TERM


1800 M STREET

Located in D.C.’s “Golden Triangle,” 1800 M Street offers walkability to one of the city’s most amenity-rich neighborhoods and transit access. Fully modernized, 1800 M Street is a luxurious destination, with dual lobbies, a roof deck, interior courtyard, new storefronts, and a best-in-class fitness center.

SUBMARKET

Central Business District

YEAR BUILT / RENOVATED

1975 / 2016

YEAR ACQUIRED

2017

42

WASHINGTON, D.C.

|

RENTABLE SF* 575,000 LEASED 93% AVG. REMAINING LEASE TERM 8.3 years *Represents 100% of 1800 M Street. Columbia owns a 55% interest in the 1800 M Street Joint Venture. 2011

MAJOR TENANTS

Berkley Research Group, Zuckerman Spaeder


MARKET SQUARE

701 & 801 PENNSYLVANIA AVENUE NW

Long the icon of D.C. office space, Market Square curves around the U.S. Navy Memorial on Pennsylvania Avenue. Recent renovations -- including a new marketing center, updated lobby, best-in-class fitness center, and business center, plus a roof deck planned for 2019 -- have attracted more than 25 Fortune 500 companies to the property.

SUBMARKET

East End

YEAR BUILT / RENOVATED

1990 / 2016

YEAR ACQUIRED

2011

44

WASHINGTON, D.C.

|

RENTABLE SF* 698,000 LEASED 82% AVG. REMAINING LEASE TERM 6.6 years

2011

*Represents 100% of Market Square buildings. Columbia owns a 51% interest in the Market Square Joint Venture.

MAJOR TENANTS

Edison Electric Institute, United Healthcare, Mintz Levin


80 M STREET

A new hospitality-inspired lobby, outdoor terrace and lounge have driven the lease-up of 80 M Street in D.C.’s Capitol Riverfront neighborhood. The building, which overlooks the new Washington Nationals baseball stadium, has seen more than 187,000 square feet of signed leases since July 2017, highlighted by a 15-year, 69,000-square-foot lease with WeWork.

SUBMARKET

Capitol Riverfront

YEAR BUILT / RENOVATED

2001 / 2017

YEAR ACQUIRED

2004

46

WASHINGTON, D.C.

|

RENTABLE SF 286,000 LEASED 94% AVG. REMAINING LEASE TERM 5.9 years MAJOR TENANTS

WeWork, Engility, District of Columbia Water & Sewer 2011


ATLANTA MARKET PORTFOLIO OVERVIEW LEASE EXPIRATIONS VACANT

0.3%

2018

0.3%

2019

0.0% 12.2%

2020 2021 2022

58.8% 1.6%

BEYOND 2023

48 |

ATLANTA

26.8%

1.7 M TOTAL SQUARE FEET

100% LEASED

4.6 YEARS AVERAGE REMAINING LEASE TERM


LINDBERGH CENTER

575 MOROSGO DRIVE NE

Fully leased to AT&T until 2021, Lindbergh Center is located in Buckhead, Atlanta’s best-performing submarket. The connected twin 14-story office buildings stand over the Lindbergh Station on MARTA, Atlanta’s rapid rail system, and anchor Lindbergh Center, a 47-acre live/work/play development at Piedmont Road and Lindbergh Drive.

SUBMARKET

Buckhead

YEAR BUILT / RENOVATED

2002

YEAR ACQUIRED

50 |

ATLANTA

2008

RENTABLE SF 955,000 LEASED 100% AVG. REMAINING LEASE TERM 2.8 years TENANT

AT&T


ONE & THREE GLENLAKE PARKWAY

One and Three Glenlake Parkway, a best-in-class campus in Atlanta’s Central Perimeter submarket, stands across from the new Mercedes-Benz U.S. headquarters.

52 |

ATLANTA

The multi-tenanted building One features a newly renovated lobby, fitness center, café and conference center. These amenities and the location have helped to drive over 300,000 square feet of recent leasing at the campus, including a new 161,000 lease for the new headquarters of Arby’s Foods, Inc./Inspire Brands at the adjacent building Three.

SUBMARKET

Central Perimeter

YEAR BUILT / RENOVATED

2003 and 2008 / 2016 (One)

YEAR ACQUIRED

2004 and 2008

RENTABLE SF 707,000 LEASED 99% AVG. REMAINING LEASE TERM 6.9 years MAJOR TENANTS

Newell Brands, Cotiviti USA, Oracle, Inspire Brands (Arby’s)


116 HUNTINGTON AVENUE BOSTON, MA

Thoughtful renovations and new amenities have repositioned 116 Huntington as a boutique office destination for traditional and creative tenants alike. Additional renovations highlight the building’s penthouse floors, which feature panoramic views, a distinctive oculus window, and new outdoor terraces.

SUBMARKET

Back Bay

YEAR BUILT / RENOVATED

1991 / 2016

YEAR ACQUIRED

54 |

BOSTON

2015

RENTABLE SF 271,000 LEASED 88% AVG. REMAINING LEASE TERM 5.2 years MAJOR TENANTS

American Tower, GE Healthcare, Brigham and Women’s Hospital


CRANBERRY WOODS DRIVE

1000 WESTINGHOUSE DRIVE, CRANBERRY WOODS, PA (PITTSBURGH)

Columbia recently renewed Westinghouse Electric Company in all 824,000 square feet of the Cranberry Woods complex, which serves as the company’s corporate headquarters. The Class-A office property consists of a five-story office building connected to two four-story buildings.

SUBMARKET

Cranberry Township

YEAR BUILT / RENOVATED

2009 - 2010

YEAR ACQUIRED

2010 56

PITTSBURGH

|

RENTABLE SF 824,000 LEASED 100% AVG. REMAINING LEASE TERM 14.7 years MAJOR TENANT

Westinghouse Electric Company 2011


PASADENA CORPORATE PARK

3453-3455, 3465 & 3475 E. FOOTHILL BOULEVARD, PASADENA, CA (LOS ANGELES)

This Class-A campus, which includes two three-story office buildings, is located just northeast of Los Angeles in one of the city’s most popular and affluent suburbs, Pasadena, home to the Rose Bowl stadium. Major tenants include Green Dot, a provider of low-cost banking and payment solutions, and Tetra Tech, an environmental consulting and engineering firm.

SUBMARKET

Pasadena

YEAR BUILT / RENOVATED

1965, 2000, 2002 and 2003

YEAR ACQUIRED

2007

AVG. REMAINING LEASE TERM 3.8 years MAJOR TENANTS

Green Dot Corporation, Tetra Tech 2011

LOS ANGELES

LEASED 94%

57 |

RENTABLE SF 264,000


®

Columbia Property Trust (NYSE: CXP) owns and operates Class-A office buildings concentrated in New York, San Francisco, and Washington, D.C. Its portfolio includes 20 properties with over nine million square feet. Columbia carries an investment-grade rating from both Moody’s and Standard & Poor’s. For more information, please visit www.columbia.reit.


CORPORATE OFFICES

SAN FRANCISCO

315 Park Avenue South Suite 400 New York, NY 10010

650 California Street Suite 200 San Francisco, CA 94108

WASHINGTON, D.C.

ATLANTA

1170 Peachtree Street NE Suite 600 Atlanta, GA 30309

59 |

801 Pennsylvania Avenue Suite 801 Washington, DC 20004

CORPORATE OFFICES

NEW YORK


WWW.COLUMBIA.REIT

Columbia Property Trust Portfolio Summary May 2018  

Columbia Property Trust (NYSE: CXP) owns and operates Class-A office buildings concentrated New York, San Francisco, and Washington, D.C. It...

Columbia Property Trust Portfolio Summary May 2018  

Columbia Property Trust (NYSE: CXP) owns and operates Class-A office buildings concentrated New York, San Francisco, and Washington, D.C. It...